News

IndiGrid Joins Forces with Global Partners to Invest USD 300 Million in India’s Transmission and Energy Storage Projects

desk4November 19, 2024November 21, 2024

November 19, 2024November 21, 2024

The deal worth USD 300 million involves British International Investment and Climate Investment Fund from Norway partnering alongside IndiGrid to develop greenfield transmission and standalone Battery Energy Storage System (BESS) projects in India. Nov 15, 2024 IndiGrid, one of the largest listed power sector infrastructure investment trust (InvIT) of India,......

News Transmission, Distribution & Infrastructure

Sterlite Power and AMP Capital JV’s On-Market Transmission Assets Attract Bids of INR 35-40 Billion

wirecableMarch 16, 2023April 19, 2023

March 16, 2023April 19, 2023

Sterlite Power and AMP Capital JV’s on-market assets of Lakadia Vadodara Transmission and Udupi Kasargod Transmission have attracted bids totaling INR 35-40 billion from IndiGrid, Torrent Power, and Edelweiss Infrastructure Fund. The assets’ final equity is estimated at INR 10 billion. March 16, 2023 The Joint Venture (JV) of Sterlite......

News

IndiGrid Inks Pact to Purchase Jhajjar KT Transco for INR 310 Crore

wirecableMay 30, 2020May 30, 2020

May 30, 2020May 30, 2020

The transaction is expected to be completed over the next few months. May 30, 2020 IndiGrid, a listed infrastructure investment trust (InvIT) for power transmission lines has executed share purchase agreement for the buyout of power transmission line operator Jhajjar KT Transco Pvt. Ltd., for about INR 310 crore, from......

News

IndiGrid Completes Acquisition of ENICL From Sterlite Power

wirecableMarch 27, 2020

March 27, 2020

According to the press release, with the acquisition of East North Interconnection (ENICL) from Sterlite Power, IndiGrid’s assets under management (AUM) will increase by 10 per cent to USD 1.6 billion. March 24, 2020 Power transmission investment trust IndiGrid has completed the acquisition of its ninth transmission asset from Sterlite......